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Thursday, January 24, 2013

ABA Banking Journal: How Will Banks Fare in Washington This Year

ABA Banking Journal has published a special report entitled “The Road Ahead: How Will Banking Fare in Washington This Year.” The ABA Banking Journal interviewed ABA’s top lobbyist and staff experts to gain their insights on what the banking industry might face in 2013.

Topics covered range from Basel III, mortgage reform, possible Dodd-Frank fixes, the CFPB, and exam reform.

Wayne Abernathy, ABA executive vice-president, financial institutions policy and regulatory affairs, on the outlook for 2013:
We're hoping that with the elections being over, the political fun with the banking industry is now also over. Now, maybe, people here [in Washington] can recognize that the banking industry can actually be an important part of economic recovery. And that kind of depoliticizes it.

[In 2013,] I believe that bank policy on the Hill and among the regulators is going to be far less politicized.
Read the full ABA Banking Journal article.

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